Blog Archives

All posts by Coby Skonord

The ROI of Costco’s Employee Suggestion Program

Since its inception, Costco has prioritized its employees, and the results speak for themselves. One clear indicator of this focus is their remarkably low turnover rates. For employees who have been with the company for over a year, the annual turnover rate sits below 6%, compared to the retail industry average of over 60% in 2021. Costco’s CEO attributes this retention and employee satisfaction to the value each team member

Continue Reading

Amazon Prime – An Employee Idea that Produced 5 Billion in Revenue in Q3 2019

Amazon-Prime-Employee-Ideas

I, along with most of the people reading this article have a subscription to Amazon Prime. It’s transformed the way that we shop, purchase, and receive everything from computers to toothpaste. It has truly redefined what “on demand convenience” means. But, did you know that Amazon Prime was actually an idea submitted by an Amazon employee? Amazon’s goal was to find a new type of customer loyalty program that would

Continue Reading